Tue, 28 Sep 2021 | BUSINESS SALE
Nu:move, a hybrid online estate agency operating via a franchise network, has been put up for sale by its owners. The firm’s owners, brothers Karen and Arun Batth, say that the company is being sold to enable them to focus on its sister business, property investment sourcing provider nu:1 Capital.
Founded in 2013, nu:move was valued at £2 million when the company listed on fundraising platform Seedrs in 2020. Last year, the company raised £750,000 to fund the expansion of its franchise network.
The firm has 20 regional representatives across its network, through which it has marketed around 10,000 properties. Nu:move’s founders say that the firm is profitable and has generated revenue growth on a yearly basis.
Franchises with the firm cost from £4,000 to £10,000, depending on the size of their individual network. Training, admin, systems and support from the wider group are then charged at £215 per month. The company offers both sales and lettings services and charges from £699 (excl. VAT) to £1,395 (excl. VAT) to market homes for sale.
According to chairman TJ Singh, the firm is being sold as “a ready-made business with all cloud-based systems in place”.
In its most recent available accounts at Companies House, for the year ending December 31 2020, nu:move had total net assets worth £2.23 million.
Find businesses for sale here.
If you are looking for an exit, we can help!
Find online businesses for sale in the UK
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
This is a highly lucrative opportunity to acquire a well-established Independent Financial Adviser (IFA) business in Surrey, known for its strong client base and consistent profitability.
A well-established IFA with £500m in funds under management, located in the South, presents a unique acquisition opportunity.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.